Lawnmower.io: Turn your spare change into cryptocurrency(lawnmower.io)
lawnmower.io
Lawnmower.io: Turn your spare change into cryptocurrency
http://lawnmower.io/
7 comments
Neat concept. I wonder if crypto portfolio management in the future will be like portfolio management nowadays in that you sometimes hire a professional to do it. Like, does the concept of professional financial advisement go out the window (along with all of the other traditional fiat aspects that we seem to be leaving behind)?
Dig the concept, great way to easily kind of dollar cost average into btc without being tempted with market timing. Would be great if you could specify an overall allocation into different crypto (i.e. that $.75 extra split into 60% btc, 40% ltc, etc.) that you could manage and monitor your overall crypto portfolio.
Thanks, we definitely aim to go in that direction. Bitcoin was the easiest to implement from the start (due to the WAY higher availability of APIs/libraries) but overall our vision is a platform for passive, casual investment into the entire cryptocurreny ecosystem. Could get even more interesting if something like swarm.co takes off - where it becomes commonplace for companies to issue their own cryptocurrency. At what point do we cross into the realm of traditional share purchasing, and what baggage will we bring/which will we leave behind in making this transition? I wish I knew. At this point, we just want to provide a platform that makes it all more accessible.
Definitely agree with the vision, and an easy to use platform to allow the common public to access these markets and diversify their assets is exactly what we need. Breaking into different cryptos can be a huge headache for the average person and the wild price volatility certainly does not help with the intimidation factor, but the thought of an investment as small as the change in your cup holder is a great way to ease people into the idea.
That-s a perfect way of putting it. We already consider the USD change we receive from each transaction to be nearly worthless when considered individually. The idea is to make that change work for you in (admittedly) volatile context.
A minimal effort tool for the average person to break into the crypto markets? This could really help change the perception that crypto currency is only something for computer geniuses.
That was certainly a huge inspiration for us to develop this. Too many times have I heard my less tech-savvy friends talk about getting into bitcoin/crypto but not actually committing. I think it's a combination of the technical hurdles as well as what seems to be the "large upfront cost" - a layperson may see that 1 BTC = $300 USD and lose interest immediately. It's almost an intimidation factor.
Of course, the technical aspect has been a barrier for many people a while. However, I think that because this has been such a visible issue for so long many companies are attacking it (which is fantastic). The other issue - the mental barrier of not wanting to commit - is where I think we bring a unique approach.
Of course, the technical aspect has been a barrier for many people a while. However, I think that because this has been such a visible issue for so long many companies are attacking it (which is fantastic). The other issue - the mental barrier of not wanting to commit - is where I think we bring a unique approach.
This sounds badass. Kudos brotha!
Nice app
Hi
Definitely an idea easily adoptable by the regular joe. Millions already use the 'Save the change' feature in their bank accounts so why not actually invest (and support) digital currency like Bitcoin? Definitely something I look forward to see flourish in full scale. The market could use a comparison exposing benefits to engage in this kind of activity. Something like "drop those penny stocks, come into the digital investment world with Bitcoin"